The Melon via FeedT

Sep. 26, 2008 at 9:21am

Bailout Protesters in Tacoma

Yesterday, on my way to film the Tacoma School Board, I stopped to talk with some individuals in a group of twenty or so demonstrators who were protesting the proposed $700 billion bailout by the Bush administration. Here's what I found out...
Tacoma Bailout Demonstrators from The Melon on Vimeo.

comments [8]  |  posted under bailout, bush, protesters, Tacoma, The Melon

Comments

by thriceallamerican on 9/26/2008 @ 9:52am
Huh, I've never heard anyone pronounce Sprague as "Sprowg"... Excellent event documentation, regardless!

by ElectricElliot on 9/26/2008 @ 10:08am
Heh. I'm not from here. Your street signs are foreign to me.

by thriceallamerican on 9/26/2008 @ 10:16am
It's all good, EE.

by ixia on 9/26/2008 @ 10:48am
What a difference three decades make. What was one billion then now is 700. Knowing they will have to leave the White House, this is a fantastic way to keep that public money flowing their way.

This from Wiki (btw, this scandal was kept secret until AFTER the election of Bush the Elder)

Neil Bush was a member of the board of directors of Denver-based Silverado Savings and Loan during the 1980s' larger Savings and Loan crisis. As his father was Vice President of the United States, his role in Silverado's failure was a focal point of publicity. According to a piece in Salon, Silverado's collapse cost taxpayers $1 billion.The US Office of Thrift Supervision investigated Silverado's failure and determined that Bush had engaged in numerous "breaches of his fiduciary duties involving multiple conflicts of interest." Although Bush was not indicted on criminal charges, a civil action was brought against him and the other Silverado directors by the Federal Deposit Insurance Corporation; it was eventually settled out of court, with Bush paying $50,000 as part of the settlement, as reported in the Style section of the Washington Post .A Republican fundraiser set up a fund to help defer costs Neil incurred in his S&L dealings.


by Erik on 9/26/2008 @ 11:00am
Its amazing the amount of money being blown.

by morgan on 9/26/2008 @ 11:22am
Hey, gotta give 'em credit for trying! I'm just waiting for the twins to jump into politics. THAT will be interesting.

by Nick on 9/26/2008 @ 12:32pm
Heh, I can't believe there are people that think this is still about mortgages . . .

I definitely agree though, we need to put more thought into a solution. The initial rescue plan is too wreckless and underinformed. The less we think and plan, the more risk there is for failure. The longer we stall, the more we also risk missing our chance to actually do something about it. I think the whole debate will simply help us get closer to that "sweet spot" where we have a more thoughtful plan that can still be executed in time.

by fredo on 10/1/2008 @ 12:15pm
Say, I wonder how President Bush's plan to privatize social security by allowing people to play the stock market is going?

About

Latest from The Melon via a FeedTacoma blog.

TheMelonOnline.com

Recent Posts